Wyckoff model 1 accumulation played out very well with a powerful spring up to 4hr swing structure protected high / macro range high.
Assuming rejection from previous zone POC / High to low GP zone, huge OBIM / range supply confluence. But rejection is just a mitigation of previous demand (ie. "fakeout") as we swing slightly lower to make another wave upwards, reject from another important POI between 95-99k, retest/mitigate one more time and then off to new highs / equal highs?
Perhaps fast enough to occur before the trade war comes back into affect, full blown meltdown to zero :)
Assuming rejection from previous zone POC / High to low GP zone, huge OBIM / range supply confluence. But rejection is just a mitigation of previous demand (ie. "fakeout") as we swing slightly lower to make another wave upwards, reject from another important POI between 95-99k, retest/mitigate one more time and then off to new highs / equal highs?
Perhaps fast enough to occur before the trade war comes back into affect, full blown meltdown to zero :)
Trade active
Obvs would not long from current area, in fact I would look for a scalp short before a potential scalp/swing long depending on how far we retrace.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.